Assume that Burger King employees work in an air-conditioned environment while McDonalds employees do not. Other things equal, you would expect wages to be ____ in Burger King because ____

a. higher; Burger King employees are more productive
b. lower; McDonald's employees are more productive
c. higher; Burger King is a more prestigious place to work
d. lower; Burger King has more favorable working conditions

D

Economics

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If the demand curve for a good is horizontal and the price is positive, then a leftward shift of the supply curve results in

A) a price of zero. B) an increase in price. C) a decrease in price. D) no change in price.

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What factors increase potential GDP? Include a definition of potential GDP in your answer

What will be an ideal response?

Economics